Short

S&P 500 Index

Updated

We have started adding to our sell positions at 2800 with the break of the 618 pullback key level at 2586 and will be looking for further selling pressure into 2400 and 2200. We will keep our eyes on the 2750 resistance level. For longer time investors, I would be cautious buying into this for a few days. We will be running pullback sells into these levels this week. Certainly we can get some good reversals, but are trading it lower today with the significant break. Thanks!

Note

I have been reviewing the strategy below as an entry strategy. You will see that the four hour chart below has terrible percentages. I have found that the 15 minute chart of this strategy can work pretty well to confirm trendline breaks at fib resistance levels. Sorry it showed up on the post, but just wanted to let you know why it is there. Use it on the 15M not the 4H. Thanks!

hope.bleecker

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